Author: Anthony M. Orbison
US retailers, automakers and other businesses face ballooning freight rates as they make contingency plans for a strike that threatens to close nearly three dozen ports next week. The International Longshoremen’s Association, which represents 25,000 dockworkers at ports between Maine and Texas, said it planned to walk off the job early Tuesday unless port operators agreed to substantially raise their wages and limit automation. The strike would close east coast and gulf coast ports that handle roughly half of the goods imported via container, including food, pharmaceuticals, consumer electronics and apparel, costing the US economy as much as $5bn each day, JPMorgan…
Costco’s (COST) reaping day is yet to come, with bigger gains anticipated this holiday season.Adobe has recently projected U.S. online sales to reach $240.8 billion during the 2024 holiday season, marking an 8.4% year-over-year increase, according to thefly.com’s report on Sept. 25. This growth signals a resurgence in consumer confidence as the U.S. economic outlook strengthens, which is expected to benefit major retailers like Walmart (WMT) and Costco.The latest personal consumption expenditures data (PCE), the Fed’s preferred measure of inflation, increased by 0.1% in August, bringing the annual inflation rate down to 2.2% from 2.5% in July. With the Fed’s…
According to several crypto analysts, altcoins are exhibiting a notable breakout, hinting at a potential shift toward an altcoin-dominated market phase.Analysts observed that the total market capitalization of altcoins is rising, breaking out of longstanding downward trends. Technical and on-chain analyst Ali Martinez noted that while it’s uncertain if a full-blown altcoin season has arrived, the current developments represent a promising start.Analyst Caleb Franzen shared insights that altcoins measured through TradingView indexes like TOTAL.3 and OTHERS have surpassed significant moving averages, specifically the 100-day and 200-day exponential moving averages (EMAs). Franzen highlighted that the last such breakout occurred in July 2023,…
Gov. Gavin Newsom vetoed a bill Saturday that would have required new cars to beep at drivers if they exceed the speed limit. California would have become the first to require such systems for all new cars, trucks and buses sold in the state starting in 2030. The bill, aimed at reducing traffic deaths, would have mandated that vehicles beep at drivers when they exceed the speed limit by at least 10 mph (16kph). The European Union has passed similar legislation to encourage drivers to slow down. California’s proposal would have provided exceptions for emergency vehicles, motorcycles and motorized scooters. In explaining…
MILAN (Reuters) – UniCredit chief Andrea Orcel attended a virtual meeting the Italian bank held on Friday with Commerzbank (ETR:) after becoming the German lender’s biggest private investor, a source with knowledge of the matter told Reuters. Commerzbank’s designated CEO Bettina Orlopp was also present on Friday’s conference call, which a UniCredit source had previously described as the kind of meeting companies hold with their investors. UniCredit declined to comment. Orlopp, who was appointed Commerzbank CEO earlier this week, told a financial conference in London on Thursday that the two banks would meet to “exchange views” now that UniCredit was…
Este artículo también está disponible en español. The lawsuit between Ripple and the United States Securities and Exchange Commission (SEC) has in fact not ended, as new reports of the regulator possibly opposing the court’s decision have surfaced. If the SEC decides to proceed with the appeal, Ripple could be drawn into an even longer and more tedious legal dispute, extending the uncertainty about its regulatory clarity. Related Reading SEC May Appeal Ripple Court Ruling In an X (formerly Twitter) post on September 26, Fox Business journalist Eleanor Terrett revealed new information concerning the three-year-long court battle between Ripple and…
You can soothe your retirement anxiety by looking at your buckets of savings. – Getty ImagesGot a question about investing, how it fits into your overall financial plan and what strategies can help you make the most out of your money? You can write to me at . Please put “Fix My Portfolio” in the subject line.Dear Fix My Portfolio,Intellectually, I am feeling well prepared for retirement, but in my heart I have an irrational fear that I am not financially ready to retire. I think my fears center around uncertainty in the market and around not having an income stream…
There was hope that, once the Federal Reserve started to cut interest rates on Sept. 18, some sort of huge rally might emerge.It didn’t exactly happen. Interest rates have been up a little. Stocks have climbed a bit higher, especially the Nasdaq Composite and Nasdaq-100 indexes. Microsoft (MSFT) , Amazon.com (AMZN) and even Apple (AAPL) moved lower in the last week. Related: PCE Inflation report resets bets on another big Fed rate cutBut chip giant Nvidia (NVDA) surged 4%. Tesla (TSLA) jumped 9.3%. It’s even up nearly 22% for the month and up 4.8% for the year. Finally. Bitcoin has risen 9.4%…
Sep 20, 2024 16:55 UTC | Updated: Sep 20, 2024 at 16:55 UTC By Clark RCO Finance (RCOF) is revolutionizing crypto trading with its AI robo advisor, allowing new traders to hit the ground running as quickly as possible. This article will explain how the robo advisor works and how traders can use it to make 100x returns. RCO Finance’s AI Robo Advisor Explained RCO Finance’s AI robo advisor is a revolutionary feature that improves trading outcomes using advanced algorithms and machine learning techniques. These algorithms help identify ideal trading opportunities in the various markets and convert them to actionable insights. Traders on…
Annice Lyn A major fire disrupted production at an important Tata Electronics plant in southern India which makes Apple (NASDAQ:AAPL) iPhone components, Reuters reported Saturday. At least 10 people received medical treatment, with two hospitalized, the report added. Tata Electronics is a major contract maker of iPhones in India. Apple (AAPL) and Tata Electronics did not immediately respond to a Seeking Alpha request for comment. Source link